Item 1. Security and Issuer.
The
class of equity securities to which this Schedule 13D relates is
common stock, $0.001 par value per share (“Common
Stock”) of Galaxy Gaming, Inc., a Nevada corporation (the
“Company” or the “Issuer”), with its
principal executive offices at 6767 Spencer Street, Las Vegas, NV
89119.
Item 2. Identity and Background.
(a)This Schedule
13D is filed by and on behalf of Derek Webb, an individual.
(b)The
Reporting Person’s address is 3750 Las Vegas Blvd. South,
Unit 2609 Las Vegas NV 89158.
(c)The
Reporting Person’s principal occupation or employment is:
philanthropic, retiree and private investments.
(d)The
Reporting Person has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) during the
last five years.
(e)The
Reporting Person has not, during the last five years, been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction nor has the Reporting Person been nor is he
now subject to a judgment, decree, or final order enjoining further
violations of, or prohibiting or mandating activities subject to
federal or state securities laws or finding any violation with
respect to such laws.
(f)The
Reporting Person is a citizen of the United Kingdom, and a Green
Card Resident of the United States.
Item 3. Source or Amount of Funds or Other
Consideration.
Not
applicable. Non-purchase increase in pro-rata ownership resulting
from Company redemption of non-related majority shareholders. See
footnote 1 above.
Item 4. Purpose of Transaction.
Not
applicable. Non-purchase increase in pro-rata ownership resulting
from Company redemption of non-related majority shareholders. See
footnote 1 above. The Reporting Person has initiated a lawsuit to
compel election of directors under NRS §78.345. See footnote 1
above.
The
Reporting Person may, from time to time and for his own account,
increase or decrease his beneficial ownership of Common Stock or
other securities of the Company. The Reporting Person has not
reached any decision with respect to any such possible actions.
If the Reporting Person does increase or decrease his
beneficial ownership of Common Stock or other securities of the
Company, he will timely file an appropriate amendment to this
Schedule 13D. Other than as described in this Schedule 13D
(including footnote 1 referenced above), the Reporting Person does
not have any plans or proposals which relate or would result
in:
(a)The
acquisition by any person of additional securities of the Company,
or the disposition of securities of the Company;
(b)An
extraordinary corporate transaction, such as a merger,
reorganization or liquidation involving the Company or any of its
subsidiaries;
(c)A
sale or transfer of a material amount of assets of the Company or
any of its subsidiaries;
(d)Any
change in the present Board of Directors or management of the
Company, including any plans or proposals to change the number or
term of directors or to fill any vacancies on the Board of
Directors of the Company; provided, however, the Reporting Person
has initiated a lawsuit to compel the election of directors, and
may present a slate of director candidates in proxy filings
conducted in connection with same (see footnote 1 above);
(e)Any
material change in the present capitalization or dividend policy of
the Company;
(f)Any
other material change in the Company's business or corporate
structure;
(g)Changes
in the Company's charter, by-laws, or instruments corresponding
thereto or any actions which may impede the acquisition or control
of the Company by any person;
(h)Causing
a class of securities of the Company to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities
association;
(i)A
class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Act; or
(j)Any
action similar to any of those enumerated
above.
Item 5. Interest in Securities of the
Issuer.
(a)As
of the date hereof, the Reporting Person beneficially owns
1,714,286 shares of the Company’s Common
Stock.
(b)The
Reporting Person has sole voting and sole dispositive power over
such shares. No other person shares any voting or dispositive power
of such shares.
(c)Other than the
transactions described in Item 3 above, the Reporting Person has
not been involved in any transactions involving the securities of
the Company in the last 60 days.
(d)No
other persons are known that have the right to receive or the power
to direct the receipt of dividends from, or the proceeds of sale
of, such securities.
(e)Not
applicable.
Item
6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer.
No
other contracts, arrangements, understandings or relationships are
present than as otherwise disclosed in response to Items 2, 3, 4,
and 5, above.
Item 7. Material to Be Filed as Exhibits.
None.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
/s/
Derek Webb
Signature
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June 6,
2019
Date
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